Military Wearable Market Size, Share & Industry Analysis, By Technology (Communication and Computing, Navigation, Connectivity, Power & Energy Management, Vision & Surveillance, Exoskeleton), By Wearable Type (Headwear, Eyewear, Wristwear, Hearable, Bodywear), By End User (Land Forces, Naval Forces, Airborne Forces) and Regional Forecast 2023-2030

The military wearable are the devices that are used to protect soldiers during the missions or critical task. It helps to reduce the accidents and troop casualties during critical operations. There are various types of wearable used by the soldiers such as bodywear, eyewear, headwear, and others. These equipments are used in harsh environmental conditions such as high temperature, high vibrations, inside the water, and others. The wearable are used by land forces, naval forces, and airborne forces to protect themselves from critical missions.

The military wearable market is estimated to show significant growth during the forecast period owing to the increasing the demand for lightweight military wearable to reduce overall carried weight by the soldiers. Furthermore, military modernization program and growing defense expenditure drive the growth of the military wearable market across the globe.

Key Market Driver -

• Growing Focus on Production of Rugged and Lightweight Military Wearable Drives the Growth of the Market. • Increasing Soldier Modernization Programs Propels the Market Growth

Key Market Restraint -

• Reduction in Defense Budget from Most of the Countries hampers the market growth.

Market Segmentation:

By technology type, the market segmented into communication and computing, navigation, connectivity, power & energy management, vision & surveillance, and exoskeleton. Based on the wearable type, the market segmented into headwear, eyewear, wristwear, hearable, and bodywear. By end user, the market classified into land forces, naval forces, and airborne forces. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, The Middle East, and the Rest of the World.

Key Players Covered:

Major key players that are present in the global military wearable market Aselsan A.S. (Turkey), BAE Systems (The U.K), General Dynamics Corporation (The U.S.), Elbit Systems Ltd. (The U.S.), FLIR Systems, Inc. (The U.S.), Lockheed Martin Corporation (The U.S.), Northrop Grumman Corporation (The U.S.), Safran (France), Saab AB (Sweden), Thales Group (France), L3Harris Technologies, Inc. (The U.S.), Ultra (The U.K), Rheinmetall AG (Germany), and among others.

Key Insights

• Growing emphasis on soldier’s protection from toxic gases and explosives propels the growth of the market.

Regional Analysis:

The military wearable market is analyzed across five major regions North America, Europe, Asia Pacific, and Rest of the World. At present, North America holds the highest market share in the military Wearable market. The United States is a major procurer of military Wearable and constantly upgrading its military and first responder protection systems. Presence of key players such as are General Dynamics Corporation (The U.S.), Elbit Systems Ltd. (The U.S.), FLIR Systems, Inc. (The U.S.), Lockheed Martin Corporation (The U.S.), Northrop Grumman Corporation (The U.S.),, and others drive the growth of market across the North America.

Asia-Pacific is anticipated to witness significant growth in the military Wearable market during the forecast period. The growth is attributed to increased focus on the modernization of warfare technologies in emerging economies such as India, and China. Increasing Europe is anticipated to witness moderate growth owing to the growing tensions between countries, increasing military expenses, and rising riots and hostile agitations. In the Rest of the World, the market will witness moderate growth due to increasing use of Wearable from military sector.

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Segmentation

Military Wearable Market Industry Developments

• In November 2018, The US Army Natick Soldier Research, Development and Engineering Center (NSRDEC) signed a two year contract with Lockheed Martin Corporation for the development of ONYX exoskeleton. The contract is of worth USD 6.9 million.


• In March 2018, the U.S. Army has signed contract with BAE Systems of worth USD 97 million for new night-vision goggles and thermal weapon sights. These enable soldiers to rapidly point out the targets in different weather and lighting conditions